They are everywhere on the island. Except at the beach – and this is for the obvious reasons: the beach is too sandy and too salty. They work day and night with the purrpose to offer the best services to tourists who flock from all over the world to enjoy …
Read More »
Greece’s SEV says ‘Growth will not come with hair salons, gyms and funeral parlors’
Hair salons, dry cleaners, funeral parlors, electronic repair shops and gyms. These are the businesses that flourish in crisis-stricken Greece, the Hellenic Federation of Enterprises (SEV) said in its bulletin issued this week. But such businesses do not bring growth, SEV underlines. Such businesses will not bring growth, as the only …
Read More »
Erdogan orchestrated July 15 Coup in Turkey, claims SCF in Sweden
The failed coup attempt on July 15 2016 in Turkey was orchestrated by President Recep Tayip Erdogan, Stockholm Center for Freedom (SCF) claims. “It was a pretext for a mass persecution of critics and opponents in a state of perpetual emergency,” the SCF concluded in its researched report ‘July 15: …
Read More »
Clean Beaches 2017 report for Athens, Attica and surrounding areas is out
The clean beaches report for summer 2017 has been released a couple of days ago. the report refs to beaches in the Attica region Several beaches one can reach with public transport means like buses and the Tram and beaches that one is better to use private vehicle as it …
Read More »
IMD Competitiveness report 2017: Greece ranks 57th among 63 countries
How can Greece be competitive when the taxation system changes once a year, liquidity is a rarity, capital controls tie the hands of entrepreneurs and investors and the tedious negotiations with international creditors undermines the atmosphere in the Greek economy? The answer is simple: it can’t. In the Swiss-based International …
Read More »
ECB report: Youth unemployment in Greece, Spain and Slovakia in largest decline within EZ
Slovakia, together with Spain and Greece, are the countries with the largest decline in the youth unemployment within the eurozone area. According to a report of the European Central, the unemployment rate among workers between 15 and 24 years old, dropped in the years 2013 to 2016. The study uploaded …
Read More »
EU auditors warn Hot Spots in Greece and Italy are overwhelmed
European Union auditors say that migrants centers – the famous Hot Spots – set up in Greece and Italy to fast-track the registration of migrants are overwhelmed and urgently require more experts, particularly to help children. In a report released Tuesday, the auditors say that two more centers known as …
Read More »
Only 1:10 unemployed Greeks receives unemployment allowance of €360
Only one in ten unemployed Greeks receives the unemployment allowance of 360 euro per month. Each unemployed remains out of the labor market for more than two and a half years. At the same time, 350,000 families have no working member. The latest data released by Greek Labor Agency (OAED) …
Read More »
ECB Draghi had no right to close Greece’s banks
The decision of the European Central Bank to freeze the emergency liquidity in summer 2015 and force the Greek government to close the countries bank was possibly not legal. This is stated in the Italian daily Il Manifesto that quotes Fabio de Masi, member of German Die Linke in the …
Read More »
IMF chief economist Blanchard warned in May 2010 Greece program was not going to work
A report by Olivier Blanchard, a former economic at the International Monetary Fund, has been presented at a meeting organized by the Canadian think tank Centre for International Governance Innovation end of January. In this report, dated 4. May 2010, then chief economist at the IMF, Olivier Blanchard was warning …
Read More »
IMF vs EU Commission on Greece debt sustainability – Poll
The fronts remain unmovable: the International Monetary Fund and the EU lenders are stuck in their position regarding Greece debt sustainability. Big boys and girls playing with numbers, false multipliers and wrong forecasts on the back of millions of Greeks. Big boys and girls playing with the fates of millions …
Read More »
Dijsselbloem slams IMF’s “outdated” report, says “Greece’s situation is better”
The report of the International Monetary Fund angered not only the Greeks but also its European Lenders. Greece was angered because the IMF insists on demanding two major income cuts: pensions cut and lowering the tax-free allowance. Greece’s European lenders, on the other hand, got angry because the IMF insists …
Read More »
IMF report: Greece’s debt ‘highly unsustainable’, cut pensions, tax increases for the poor
‘Greek public debt is highly unsustainable, the International Monetary Fund said in a report to be discussed during a board council meeting in Washington later today. The report, exclusively presented by Athens News Agency, said that the Greek economy faced four challenges. The country’s public debt was highly unsustainable the …
Read More »
Greece, go figure! IMF: Debt not sustainable ESM: Debt Sustainable
Is the Greek debt sustainable or not? Opinions and approaches differ. The International Monetary Fund insists that the Greek debt is not sustainable, the Eurozone’s Fund European Stability Mechanism insists that the Greek debt is sustainable. Greece has three weeks to deal with ‘potentially disastrous’ debt, the IMF said adding …
Read More »
“Life in snowed in village” – Report & pictures from Skopelos
For third consecutive day Greece remains in “deep freeze” with snow falls and temperatures below the freezing point. The extreme weather front “Ariadne” crashed over the country with polar air masses at -12 degrees Celsius. The unprecedented weather front caused heavy snow falls from North -Macedonia – to the South …
Read More »
Luxembourg, Ireland, Netherlands among worst tax havens
A report published by the charity non-governmental organization OXFAM exposes the worst offenders in the ‘race to the bottom on corporate tax.’ Luxembourg, Ireland, Cyprus, and the Netherlands are among the world’s 10 worst tax havens, despite an ongoing EU crackdown on tax avoidance and profit shifting across the bloc. …
Read More »
Turkey rejects EU’s accession report, threatens with “consequences”
Turkey rejected the latest EU report on the accession process, saying that “is far from being constructive” and that in some points it lacks in objectivity. In its report, the EU voiced concern about the crackdown on opponents after the failed coup in July. After the EU released the report, …
Read More »
WEF: Greece holds 86th position in Global Competitiveness survey
Political uncertainty, high tax rates, bureaucracy and the difficulty of enterprises to access to financial resources are the main features that push down the Greek economy. Competitiveness? No chance! The report «Global competitiveness report 2016-2017» published by the World Economic Forum places Greece on 86th position on a list of …
Read More »
IMF’s Greece Report: Cut pensions & tax allowance, tax the rich, unemployment in double digit until 2050
Fiscal policy is not sustainable – Debt relief in needed – Weak growth perspective – Tax collection 50% below the target – Investment decreased by 60% – The Rich and the self-employed evade taxes – Cut tax allowance and pensions but also tax rates. This is the message the International …
Read More »
BofA Merrill Lynch foresees: Increased risk of early elections in Greece, no QE participation in September
Increased risk of early elections in Greece. Who says that? The Bank of America Merrill Lynch, the corporate and investment banking division of Bank of America. According to a report compiled by the company’s analysts, the increased risk of early elections is due to a weak majority coalition government and …
Read More »